What is Evernote?
Founded in 2004, Evernote provides a comprehensive platform designed to capture, organize, and retrieve information across multiple devices. By positioning itself as a digital extension of the human brain, the company has maintained a significant market presence in the productivity software sector. Its business model has transitioned from a consumer-focused freemium service to a robust enterprise solution, catering to the needs of modern, distributed teams requiring seamless information synchronization and project management capabilities.
How much funding has Evernote raised?
Evernote has raised a total of $272.5M across 10 funding rounds:
Angel/Seed
$3M
Series A
$6.5M
Series B
$10M
Series C
$20M
Private Equity
$50M
Series D
$70M
Series E
$85M
Unspecified
$20M
Debt
$2M
Angel/Seed (2007): $3M, investors not publicly disclosed
Series A (2009): $6.5M supported by Troika Ventures and DoCoMo Capital
Series B (2009): $10M featuring DoCoMo Capital, Morgenthaler Private Equity, Steamboat Ventures, and Troika Dialog
Series C (2010): $20M backed by Troika Dialog, DOCOMO Capital, Morgenthaler Private Equity, and Steamboat Ventures
Private Equity (2011): $50M with participation from Morgenthaler Private Equity and Steamboat Ventures
Series D (2012): $70M led by Meritech, Allen & Company, Harbor Pacific Capital, T. Rowe Price, and CBC Capital
Series E (2012): $85M supported by AGC Equity Partners, m8 Capital, and T. Rowe Price
Unspecified (2014): $20M featuring Nikkei
Debt (2020): $2M backed by PPP
Key Investors in Evernote
Morgenthaler Private Equity
A premier venture capital and private equity firm with over 40 years of experience, specializing in growth capital for the Information Technology and Life Sciences sectors.
Steamboat Ventures
An investment firm founded in 2000 that focuses on nurturing early to growth-stage companies within the technology, media, and consumer sectors.
T. Rowe Price
A global investment management firm founded in 1937 that provides comprehensive financial services and manages equity and fixed income funds for institutional and individual clients.
What's next for Evernote?
With a history of backing from institutional heavyweights and a recent strategic injection of $2M, Evernote is well-positioned to refine its enterprise-grade feature set. The company's focus is expected to shift toward deepening integration with existing corporate workflows and enhancing its AI-driven search and organization capabilities. As the market for remote work tools matures, Evernote's ability to leverage its historical data and user base will be critical in maintaining its competitive edge against newer, agile entrants in the productivity space.
See full Evernote company page
